The TurboTax personal Home & Business edition does not support IRS Form 1041.
To complete and file a Form 1041 you will need to purchase the TurboTax Business Edition - https://turbotax.intuit.com/small-business-taxes/cd-download/
The Business Edition cannot be used to complete a personal tax return, Form 1040.
The TurboTax personal Home & Business edition does not support IRS Form 1041.
To complete and file a Form 1041 you will need to purchase the TurboTax Business Edition - https://turbotax.intuit.com/small-business-taxes/cd-download/
The Business Edition cannot be used to complete a personal tax return, Form 1040.
As DoninGa mentioned, you'll need TurboTax Business to file Form 1041, as the personal versions of TurboTax don't support this form. After you install TurboTax Business and begin working on your return, you'll be asked which type of return you need to prepare. Select Trust or Estate return (Form 1041) and proceed.
The program will guide you through the return and will generate the trust beneficiaries' Schedule K-1 forms, which the beneficiaries then report on their personal tax returns.
Yes, Form 1041 and most of the related schedules can be electronically filed. You'll need TurboTax Business to file Forms 1041, but not every Form 1041 needs to be filed. Do I need to file Form 1041?